The Metro Vancouver Retail Thread - Page 438

Tetsuo · #**8741** Posted **Mar 31, 2015, 11:15 PM**

Quote:

Originally Posted by officedweller

I think it was in the location east of Hemlock (south side of Broadway) currently occupied by Staples.

*********

I found it en francais:

http://communaute.futureshop.ca/t5/Le-Blogue-Techno/bg-p/LeTechBlog/date/9-30-2012

officedweller · #**8742** Posted **Apr 2, 2015, 12:50 AM**

Thanks! That's a different location than I was thinking.

officedweller · #**8743** Posted **Apr 2, 2015, 1:15 AM**

Quote:

Originally Posted by Retail-Insider

Finding 120,000 to 150,000 square feet in downtown Vancouver is a challenge - Peter Simons (of La Maison Simons) has yet to locate any and he wants a downtown Vancouver store as well.

With Simons creating an odd store in Calgary, in mall and heritage building (presumably with low ceilings), any chance it may convert an office building or a heritage building in Vancouver?

http://www.retail-insider.com/retail-insider/2014/11/simons-calgary

Retail-Insider · #**8744** Posted **Apr 2, 2015, 5:35 PM**

Quote:

Originally Posted by officedweller

With Simons creating an odd store in Calgary, in mall and heritage building (presumably with low ceilings), any chance it may convert an office building or a heritage building in Vancouver?

http://www.retail-insider.com/retail-insider/2014/11/simons-calgary

Great question - can anyone think of any potential locations? It would have to be pretty close to Pacific Centre or the central shopping core (Robson/Burrard Etc.).

City of Vancouver is sticky about office space conversion in buildings over 50,000 sq ft, but that's primarily for residential conversion.

SpongeG · #**8745** Posted **Apr 2, 2015, 5:51 PM**

sinclair centre

SpongeG · #**8746** Posted **Apr 2, 2015, 5:53 PM**

Surrey Save-On-Foods grocery store is the first to sell wine in B.C.

Save-On-Foods in Surrey is officially the first grocery store in B.C. to stock its shelves and start selling wine.
\
"Today marks the first day we have opened up the market to change - giving businesses the green light to proceed," said Justice Minister Suzanne Anton.

"We expect to see more grocery locations pop up over the coming months and begin offering busy consumers the convenient shopping experience they've asked us for," she said.

...

http://www.cbc.ca/news/canada/british-co...t-to-sell-wine-in-b-c-1.3017965?cmp=fbtl

Graham_Yvr · #**8747** Posted **Apr 2, 2015, 6:45 PM**

The former Granville 7 theatre complex is looking for a tenant or tenant for it's conversion to retail. I'm not sure of the total square footage, but I'm sure it's in the range Simons would look for. Great location just a block from Pacific Center/Nordstrom.

whatnext · #**8748** Posted **Apr 2, 2015, 7:32 PM**

Quote:

Originally Posted by Graham_Yvr

The former Granville 7 theatre complex is looking for a tenant or tenant for it's conversion to retail. I'm not sure of the total square footage, but I'm sure it's in the range Simons would look for. Great location just a block from Pacific Center/Nordstrom.

That would sure help the revitalization of Granville.

connect2source · #**8749** Posted **Apr 2, 2015, 7:38 PM**

Quote:

Originally Posted by Graham_Yvr

The former Granville 7 theatre complex is looking for a tenant or tenant for it's conversion to retail. I'm not sure of the total square footage, but I'm sure it's in the range Simons would look for. Great location just a block from Pacific Center/Nordstrom.

I would guess the space is nowhere near the size requirements for Simon, usually about 125,000 sq. ft. at minimum. An older vancitybuzz story on the redevelopment suggested a Nordstrom Rack, Uniqlo or Apple, Apple's out as we know a larger one is about to open under Nordstrom.

http://www.vancitybuzz.com/2013/05/granville-seven-theatre-retail-project/

officedweller · #**8750** Posted **Apr 2, 2015, 8:22 PM**

Quote:

Originally Posted by Retail-Insider

Great question - can anyone think of any potential locations? It would have to be pretty close to Pacific Centre or the central shopping core (Robson/Burrard Etc.).

City of Vancouver is sticky about office space conversion in buildings over 50,000 sq ft, but that's primarily for residential conversion.

Quote:

Originally Posted by SpongeG

sinclair centre

I think Sinclair Centre is too far away from Alberni.

Would office ceiling heights be sufficiently tall for a department store?
Maybe for a boutique-ish one.

The only office buildings I can think of are:

- Sophos Building - above Shoppers Drug Mart (former CIBC) across from Holt Renfrew.
- Office block on the SW corner of Howe & Dunsmuir
- Office block on the SW corner of Hornby & Robson (above Ferragamo)
- 1090 West Georgia (above Escada)

But all of those have small floorplates.

It would have been a good opportunity to have built up the podium of 1111West Georgia even taller than they are now.

*************

I still think the best current opportunity downtown is at Vancouver Centre on the level above London Drugs where the ESL school was located (and theatres before that) if they redevelop it. i.e. for Uniqlo.

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Sheba · #**8751** Posted **Apr 2, 2015, 11:32 PM**

Target Canada to close all stores by April 12

Quote:

The retailer has already shut down 46 stores across Canada and will close another 32 on April 2; 18 on April 4; and 24 on April 8. The final 13 stores will close just days after that.
...
While Target is leaving town, Nordstrom has just begun its Canadian invasion.

The American department store recently opened locations in Calgary and Ottawa. It plans to set up shop in Vancouver on Sept. 18 and three locations in Toronto by 2017.

http://www.msn.com/en-ca/money/news/target-canada-to-close-all-stores-by-april-12/ar-AAakujH

Conrad Yablonski · #**8752** Posted **Apr 3, 2015, 12:28 AM**

Quote:

Originally Posted by officedweller

I still think the best current opportunity downtown is at Vancouver Centre on the level above London Drugs where the ESL school was located (and theatres before that) if they redevelop it. i.e. for Uniqlo.

No streetfront though isn't that important in a small place like Vancouver where out of sight really is out of mind because of low population density?

FWIW- it's been ages since I was up there-to see a movie in the 80's probably.

Capitol Hill · #**8753** Posted **Apr 3, 2015, 1:26 AM**

Perhaps Simon's will be satisfied bracketing downtown with stores at Park Royal and Oakridge Centre?

SpongeG · #**8754** Posted **Apr 4, 2015, 11:36 PM**

simons isn't much of a department store though, it's a clothing store with a small home section, they don't even have a shoe department and its not that high end that it warrants being in a high end area

TourOdeon · #**8755** Posted **Apr 5, 2015, 10:25 PM**

Lansdowne, Coquitlam Center, and Surrey Central malls scrambling as they lost two anchor stores in one week, Target and Futureshop.
http://bc.ctvnews.ca/video?clipId=584838

connect2source · #**8756** Posted **Apr 5, 2015, 10:54 PM**

Quote:

Originally Posted by TourOdeon

Lansdowne, Coquitlam Center, and Surrey Central malls scrambling as they lost two anchor stores in one week, Target and Futureshop.
http://bc.ctvnews.ca/video?clipId=584838

Love the inaccuracies in that clip like 'future shop going out of business'!!

Lansdowne : Toast and long-overdue for a major redevelopment or a total re-build. It once was a mainstream centre with Eaton's and Woodward's as anchors, since the demise of both, it's struggled and searched for an identity for two decades. With the exception of some big-box anchors, it's filled with a random selection of second rate retailers. The layout has always been confusing and illogical at best, it just needs to go.

Coquitlam Centre : Will succeed and prosper even with the loss of Target and FS. It's a major retail hub with many strong anchors and with the addition of the Evergreen Line and the rapid deification of the immediate surroundings, it will likely become even more of an attraction. Any issues will be temporary.

SpongeG · #**8757** Posted **Apr 6, 2015, 2:34 AM**

lansdowne, apparently the owner is an old guy who likes it as is and the kids want it to be demolished and redone, perhaps with the losses he may finally give into his kids wishes

as for coquitlam it should do fine, there really isn't much in the world of retail that could move into target unless they did a homesense/winners combo, moving the winners from the other mall, i find that winners awkward to get to and its always dead inside compared to most other winners locations

memememe76 · #**8758** Posted **Apr 6, 2015, 3:25 AM**

Richmond is full of empty storefronts. Lansdowne, Aberdeen Square (the mall isn't oh-so hot, either) and goodness, when will anyone move into those retail spots in Steveston?!?!

Does Richmond have a No Frills? I could see a No Frills in Lansdowne.

officedweller · #**8759** Posted **Apr 7, 2015, 11:49 AM**

Quote:

Originally Posted by Conrad Yablonski

No streetfront though isn't that important in a small place like Vancouver where out of sight really is out of mind because of low population density?

FWIW- it's been ages since I was up there-to see a movie in the 80's probably.

All they need to do is in-fill the rooftop plaza above the Starbucks and they'd have their own billboard façade fronting Granville.

Remember, Winners doesn't have streetfront either.

Quote:

Originally Posted by officedweller

Here's a pic of the space at Vancouver Centre - entrance to the right of Starbucks via escalators.

I wonder if they would consider enclosing that plaza above Starbucks?

Pic by me today:

Quote:

Originally Posted by officedweller

There's a "For Lease" sign on Vancouver Centre - for retail or office space .
I figure it's for the former Vancouver Centre Theatres space upstairs above London Drugs that is/was occupied by an ESL school.
It could fit a reasonably big retailer (in window-less space).

I wonder how much they'd renovate - i.e. for Uniqlo?

Found it - here it is:

Quote:

Podium space with 24’ ceilings and separate Granville Street entrance. Landlord to consider office and retail use.

http://spacelist.ca/p/bc/vancouver/650_w_georgia_st/200

Vin · #**8760** Posted **Apr 7, 2015, 6:19 PM**

Still dislike shopping malls? The numbers prove that most people love shopping there. This is to further show that street-level retail along stretches of busy roads with relatively low-density housing areas doesn't work at all.

http://www.biv.com/article/2015/3/west-kitsilano-praying-options-its-cultural-spaces/

Retail mix

The latest Lower Mainland retail space numbers offer some curious insights.

Colliers International’s year-end survey of the region’s open food-anchored shopping centres points to the North Shore as the region’s tightest market. Its 1.7% vacancy rate is the lowest of any sub-market in the region. Tenants also enjoy a $45 spread in lease rates on commercial retail units (CRUs) – a greater range than for any other market.

Out on the street, it’s a different story. While space along Lonsdale has held its own, Cushman & Wakefield Ltd. reports that retail space along Marine Drive posted the sharpest drop in rents in the region.

Vancouver’s hip Main Street strip was the only other market to decline. Upper-end rents lost a mere $5 a square foot; bottom-end rents rose by an equal amount. By contrast, Marine Drive rents were cut by $20, to $45 a square foot, and lower-end rents were unchanged at $25 a square foot. •

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